Meanwhile Arsenal have offered a new deal to Jack Wilshere which includes lucrative incentives although the new offer is less than the current deal.

Everton are on the verge of completing their second signing of the January transfer window, with winger Theo Walcott set to undergo a medical on Merseyside ahead of a £20 million pound move from Arsenal, Sky Sports have confirmed.

It seems Walcott, 28, has played his last game for the Gunners, whom he joined from Southampton 12 years ago. "He's scored 100 goals for Arsenal from wide positions as well as many assists", Allardyce said.

Everton's offer is expected to fend off rivals, including Southampton. This season, he has made just six Premier League appearances for the Gunners, out of which none have been starts. "His pace is one of his key strengths which we lack in this squad".

Arsenal forward Sanchez will join the Red Devils after agreeing a four-and-a-half year deal

Everton are interested in Arsenal forward Theo Walcott and in his recent attempt to convince the England global to join the Toffees, manager Sam Allardyce has offered the player the position of his choice.

And with the FIFA World Cup 2018 in Russian Federation not far away, the 28-year old is keen on bolstering his slim chances of making it into Gareth Southgate's squad for the blockbuster event.

"We are short of goals so to add power in our goalscoring ability would be very important for me".

If a deal goes through, Arsenal plan to use the funds to reinvest, with concrete interest in Borussia Dortmund striker Pierre-Emerick Aubameyang and Bordeaux forward Malcom.

Popular news

Possibly armed man in custody after Greyhound bus chase
As the bus continued southbound into Kenosha County , deputies from the Kenosha County Sheriff's Department joined the chase. A passenger called 911 about a man on the bus that claimed to have a gun and threatened to kill people, authorities said.

A380's Days May Be Numbered, Airbus Says
Airbus achieved 1,109 net orders from 44 customers during the year - representing a book-to-bill ratio of 1.5. Emirates , based in Dubai, the United Arab Emirates, did not respond immediately to a request for comment.

Hyundai Veloster Turbo revealed
Outstanding cornering is further achieved via an available electronically-controlled N Corner-Carving Limited-slip Differential. Hyundai's high performance N line-up was developed to make the driver's heart beat faster whenever they're behind the wheel.

Giants acquire OF McCutchen
Although they have agreed to a trade for McCutchen, the Giants might not be done in their pursuit of outfield depth. Neal Huntington and his staff will save $14.5 million from McCutchen's contract, barring what they get in return.

Honda Accord Takes North American Car of the Year Award
Among the redesigned Honda Odyssey , redesigned Volvo XC60 and brand-new Alfa Romeo Stelvio , the Swede reigned supreme. The 2018 Lincoln Navigator took the top truck honor, while the 2018 Volvo XC60 took top utility honor.

Iranian FM Blasts Trump for Lack of Understanding
He paired Friday's concession with other, targeted sanctions on Iran for human rights abuses and ballistic missile development. Trump outlined four "critical components" that must be included in USA legislation regarding Iran.

Ford Motors to boost investment in electric and hybrid cars
Changing that will take better infrastructure on our roads, but also having more electric vehicles available", said Brinley. This happened when shares of Tesla overtook Ford as the second largest auto company in the US after General Motors.

Real despair at home
The more optimistic Madrid fans and pundits can only hope that behind closed doors he has a better idea of how to fix things. Zidane told reporters: "The result is undeserving and hard because we had many chances but the ball didn't want to go in".

Colts hire Josh McDaniels as head coach
The Titans fired Mularkey two days after losing to the Patriots in the divisional round after failing to agree on a new contract. Sources told Jason La Canfora of CBS Sports that McDaniels is a "virtual lock" to accept the Colts job .

South Africa leads by 88 runs after Kohli's 153 for India
Both Elgar and de Villiers waited for the loose deliveries and took the runs and by tea had taken their team to lead of 88. He continued to wait for the bad balls to score off and dug out the good ones as Elgar played the ideal second fiddle.

Modi breaks protocol, receives Netanyahu at airport
In July previous year , Modi visited Israel as the first Indian Prime Minister since the establishment of bilateral ties in 1992. On the bilateral trade relations, the Israeli Prime Minister said that "there is a whole world that is erupting, exploding".